Bangladesh Clothing Is Expected To Receive Zero Tariff Entry Into The US Market.

The People's Republic of Bangladesh clothing Preferential policies for tariff free access to the European Union and the India market are now expected to receive tariff free entry into the United States in the near future. market Preferential policies.

This will greatly promote the development of the garment and garment industry in Bangladesh and attract more investment in the world's advanced economy. Garment industry 。

At present, Bangladesh has a total annual garment export value of US $18 billion, of which US exports account for about 40% of its total export volume. Exports to Europe account for more than half of Bangladesh's clothing exports, and the remaining exports are exported to India, Australia, South Africa, Japan and New Zealand.

Recently, AK Azad, President of the Federation of Commerce and industry in Bangladesh (FBCCI), led a 20 member trade delegation to the United States to form a part of Premier Sheikh Hasina's visit to New York.

The mission's goal is to promote Bangladesh clothing exports to the United States. A member of the delegation said: "during our visit, US trade leaders assured us that Bangladesh's clothing export issue would first be submitted to the office of the United States trade representative. Later, a bill will be presented to the Senate to give duty-free clothing to the US market. Therefore, we are very optimistic that Bangladesh garments and garments will soon be free to enter the US market without tariffs. "

Bangladesh is the third largest garment exporter in the US market. If it wins the right to enter the US market, Bangladesh will become the most interested Investment Center for investors. As garment is the largest export product of Bangladesh, it will promote the economic development of the whole country.